Corporate Reorganization in Hong Kong: Can Provisional Liquidation Come to the Rescue?

Journal of Restructuring Finance, Vol. 2, No. 2, p. 183, 2005

6 Pages Posted: 6 Feb 2010 Last revised: 2 Jan 2014

See all articles by Charles D. Booth

Charles D. Booth

Institute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa; University of Hawaii at Manoa - William S. Richardson School of Law

Date Written: 2005

Abstract

Unlike most other jurisdictions in Asia, Hong Kong began its corporate insolvency law reform efforts prior to the onset of the Asian financial crisis. Nevertheless, Hong Kong has yet to enact an effective statutory corporate rescue procedure. This article discusses the Hong Kong government’s corporate rescue proposals currently under consideration and the emerging use of provisional liquidation to facilitate corporate rescue in Hong Kong. It concludes by recommending that the current proposals be scrapped and that a new bill be drafted that codifies the provisional liquidation corporate rescue procedures.

Suggested Citation

Booth, Charles D., Corporate Reorganization in Hong Kong: Can Provisional Liquidation Come to the Rescue? (2005). Journal of Restructuring Finance, Vol. 2, No. 2, p. 183, 2005, Available at SSRN: https://ssrn.com/abstract=1548068

Charles D. Booth (Contact Author)

Institute of Asian-Pacific Business Law, William S. Richardson School of Law, University of Hawaii at Manoa ( email )

University of Hawai'i at Manoa
2515 Dole Street
Honolulu, HI 96822-2328
United States

University of Hawaii at Manoa - William S. Richardson School of Law ( email )

2515 Dole Street
Honolulu, HI 96822-2350
United States

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